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Question: nt exercise 141 essay on january 1 guilen corporation had...

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nt Exercise 14-1 (Essay) On January 1, Guilen Corporation had 95,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 per share. During the year, the following occurred Apr. 1 Issued 25,000 additional shares of common stock for $17 per share. June 15 Declared a cash dividend of $1 per share to stockholders of record on June 30. uly 10 Paid the $1 cash dividend. Dec. 1 1ssued 2,000 additional shares of common stock for $19 per share. 15 Declared a cash dividend on outstanding shares of $1.20 per share to stockholders of record on December 31 How are dividends and dividends payable reported in the financial statements prepared at December 317 Click if you would like to Show Work for this question:
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